•
Dec 31, 2024

DSG Q4 2024 Earnings Report

DSG reported strong Q4 2024 revenue growth and improved operating income.

Key Takeaways

Distribution Solutions Group achieved revenue growth of 18.6% YoY in Q4 2024, reaching $480.5 million. Operating income improved to $20.1 million compared to a loss of $0.3 million in Q4 2023. Adjusted EBITDA grew 32.5% to $44.9 million. The company generated $45.7 million in operating cash flow, supporting continued investments and acquisitions.

Q4 2024 revenue increased 18.6% YoY to $480.5 million.

Operating income improved to $20.1 million from a loss of $0.3 million in Q4 2023.

Adjusted EBITDA grew 32.5% YoY to $44.9 million.

Cash flow from operations reached $45.7 million, up from $28.2 million a year ago.

Total Revenue
$480M
Previous year: $405M
+18.6%
EPS
$0.42
Previous year: $0.22
+90.9%
Adjusted EBITDA Margin
9.3%
Previous year: 8.4%
+10.7%
Gross Profit
$160M
Previous year: $127M
+25.7%
Cash and Equivalents
$66.5M
Previous year: $83.9M
-20.8%
Free Cash Flow
$45.7M
Previous year: $22.5M
+103.4%
Total Assets
$1.73B
Previous year: $1.55B
+11.4%

DSG

DSG

DSG Revenue by Geographic Location

Forward Guidance

DSG expects continued revenue growth supported by acquisitions and organic expansion while focusing on operational efficiencies.

Positive Outlook

  • Continued revenue growth driven by acquisitions and organic sales expansion.
  • Operating margin improvements expected due to cost optimizations.
  • Enhanced cash flow generation supports reinvestment strategies.
  • Expanding specialty distribution solutions across multiple sectors.
  • Strong balance sheet allows for additional strategic acquisitions.

Challenges Ahead

  • Macroeconomic uncertainties may impact demand in industrial sectors.
  • Margin pressures from recent acquisitions with lower initial profitability.
  • Integration risks associated with multiple acquisitions.
  • Increased competition in the specialty distribution market.
  • Rising interest expenses could impact future profitability.